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07-11-2024, 02:47 PM #1
That's not bashing that's fact...if they don't ask for financials they aren't loan officers.
"Loan officers use a process called underwriting to assess whether applicants qualify for loans. After collecting and verifying all the required "financial documents", loan officers evaluate the information to determine an applicant's need for a loan and ability to repay it"Last edited by Olderguy; 07-11-2024 at 02:50 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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07-11-2024, 02:58 PM #2
- Join Date
- Mar 2024
- Posts
- 23
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07-11-2024, 03:07 PM #3
Sam you have no understanding of the loan industry.
That's not a loan officer, that's a MCA broker who doesn't even look at the file...they submit it to a dozen MCA lenders.
A loan officer gets full financials and does a basic underwriting review.
Well accept what you get...it's your choice.Last edited by Olderguy; 07-11-2024 at 07:49 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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07-11-2024, 04:30 PM #4
- Join Date
- Mar 2024
- Posts
- 23
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07-11-2024, 05:14 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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07-11-2024, 03:17 PM #6
- Join Date
- Aug 2018
- Posts
- 837
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07-11-2024, 03:32 PM #7
- Join Date
- Jun 2024
- Posts
- 4
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